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Hi TG,
This is a very interesting approach. I don't know what your experience or
ability is but I think this can work. Most traders TOTALLY ignore the
aspect of trade management and myopically focus on finding a top or bottom
in their chosen trading vehicle. Once they are in a trade, even if they
have found the top or bottom, they don't know what to do. This leads into a
lot of tangential areas such as methodology, money management, etc. If you
have a strength in the area of trade management you are unique, quite
fortunate, and should exploit that strength to the hilt!!
Regards,
Tom Alexander
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> From: GTE/3264 <3264a@xxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Trading Systems
> Date: Saturday, August 22, 1998 12:28 AM
>
> I've noticed that many traders here are working to develop mechanical
> trading systems. This is a path I've tried myself - trading stocks based
> on TA. My results were OK, but not impressive. In the last few months,
> I've decided to take a different approach. I feel my strength in trading
> is managing trades, not calling them. So, have subscribed to two
> services that call trades. Holds range from a few minutes to a few days.
> I have an average of 5 positions open at any time, sometimes as many as
> 10. Results have been great so far, increasing the equity in my account
> about 60% in two months.
>
> The nagging doubt that I have is that I don't really know the reason for
> each trade, so am not developing my skills in that area. Am I fooling
> myself or just playing to my stonger abilities?
>
> Has anyone else taken this path? Comments?
>
> TG
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